21 Jun 2010

Fiji's interim government introduces decree over collapsed Momi Bay Development

11:01 am on 21 June 2010

Fiji's interim government has promulgated a decree over the collapsed Momi Bay Development.

The Attorney General Aiyaz Sayed-Khaiyum said the decree was to ensure the Fiji National Provident Fund did not incur any further losses through the Momi Bay Resort Project.

He says the Provident Fund will now have control over the property.

The luxury resort had 75 and a half million US dollars put into it from the now collapsed New Zealand company, Bridgecorp.

Mr Sayed-Khaiyum told Fiji Live that any challenges against foreclosure of the transfer of property or any decision made by the minister are not allowed.